Summer is over, but the Swiss InsurTech Hub’s schedule isn’t: To kick off the second half of the year, the community brought together four new insurtech companies, a newly acquired sponsorship partner, and the anticipation of the association’s fifth anniversary. Innovation, as is clear, takes no summer break.
Silvia Signoretti, President of the Swiss InsurTech Hub (SIH), opened the General Assembly by noting the busy schedule of the coming weeks. The Risk Resilience Summit, a collaboration with Swiss Re and several partners, took place on September 3 and was completely sold out. In addition, an “Innovation Discovery Alley” opened, showcasing insurtech companies and Swiss Re solutions such as RDS and Fathom.
However, another date is likely to be more important for the scene itself: September 10, the deadline for applications to the Swiss InsurTech of the Year Award. This year’s event coincides with the association’s fifth anniversary and will be celebrated on December 1 with a jury composed, as Signoretti emphasized, of “highly experienced leaders in the insurance industry,” whose full roster will be announced in the coming days. Five trophies have already been ordered: one for the overall winner and four for the category awards. The fall program will be rounded out by a new event featuring Millennials4Boards on October 27 in Zurich. This reverse pitching format introduces potential board members and advisory board members to the insurtech companies, rather than the other way around.
Adnovum Joins as a Sponsor
Adnovum introduced itself for the first time as a new sponsorship partner of the SIH, with Dr. Christian Straube in attendance. The technology and consulting service provider, which specializes in digital resilience, positions itself at the intersection of the need for rapid adaptation and regulatory stability—and thus within what Straube termed the “transformation paradox,” in which insurers must implement changes quickly while remaining compliant. Adnovum’s motivation for the sponsorship partnership in this context: Insurtechs provide the innovation, while Adnovum ensures that insurers can adopt it securely and at scale. Initial discussions are already underway with various SIH insurtechs.
Straube’s presentation focused on a new offering: “AI-native software delivery.” Unlike current GenAI generators for application development, the Factory consists of four components that cover the entire development cycle—and thus not only delivers code but also translates clean requirements into auditable, maintainable, and extensible software that that meets regulatory requirements, either with a fixed outcome or on a pay-per-use basis. For insurtechs juggling customer growth and limited engineering resources, the model is designed to make capacity scalable in the short term without creating technical debt or compliance gaps.
Capitalwise: A Common Time for Capital
Akanksha Rais, founder and CEO of Capitalwise, addresses a problem she knows well from over 20 years of experience in the insurance industry: Reserving, capital planning, solvency analysis, and investment portfolio management are handled separately at most insurers, resulting in reports that take several weeks to produce and are already outdated by the time they reach the board. Capitalwise integrates these four areas onto a single platform, calculates available capital in real time, and enables stress test simulations that would otherwise take days. Partnerships with Parameta Solutions (TP ICAP) and VisGRC are designed to further feed real-time market data into insurers’ risk registers. The solution is explicitly intended to complement existing accounting systems such as SAP FSCM, not to compete with them.
Liabix: Using Physics to Combat Insurance Fraud
Things get significantly more technical with Liablix. The Italian insurtech company reconstructs car accidents in 3D using photos, combining artificial intelligence with a physics-based simulation it developed in-house—not by purchasing a game engine, but through proprietary technology that has evolved over more than 15 years. The system checks whether the damage, the sequence of events, and the injuries are consistent, and provides insurers with a standardized fraud risk score. The figures presented are remarkable: In the production database of existing customers, about 30 percent of cases are flagged as suspected fraud, with 15 to 20 percent confirmed as such—compared to just 2 percent detected by traditional methods. In cases where claims are partially denied or reduced, this results in savings of 40 to 80 percent of the claim amount. Liablix is already in active use in Italy, Germany, Spain, and Portugal, with the UK and the U.S. set to follow.
Briano: Insurance AI for Less Commonly Spoken Languages
Briano brings experience from building Georgia’s largest health tech company. The new company automates customer communication, document review, and claims processing in the health insurance sector using voice and chat agents. It consists of a claims pilot module and a quality assurance tool that analyzes customer conversations. The key feature lies in its linguistic specialization: Briano is specifically designed for “small languages” with fewer than 20 million speakers, for which large language models traditionally perform less effectively. With over ten corporate clients in Georgia, France, the Benelux countries, and Central Asia—including market leaders such as Tbilisi Insurance and GPI Holdings—Briano already covers more than 60 percent of its home market.
Crashwise: Accident Reporting Goes Digital
The final presentation was given by Crashwise, an Austrian insurtech company that emerged from over 20 years of in-house insurance experience. A traffic accident occurs in Europe every 0.8 seconds—that’s 40 million per year—and for fleet operators, each one results in an average of 600 euros in additional administrative costs due to missing photos, incomplete reports, or illegible information. Crashwise uses an AI agent to guide drivers through a structured, quality-assured documentation process directly at the scene of the accident, processes the data into a verified digital claim, and transfers an electronically signed claim file to fleet and insurance systems. Since its market launch in June, Crashwise has acquired its first paying customers, built a pipeline of over 1,000 fleet decision-makers, and collected letters of intent for more than 30,000 vehicles. After winning Austria’s largest startup competition, the company is now expanding into Germany and Switzerland and is seeking pilot partners among motor vehicle insurers.
A hub that’s growing
Four very different approaches—capital management, fraud detection, healthcare automation, and accident documentation—but one common thread: All four insurtech companies address the very point where insurers traditionally lose the most time—namely, the gap between an incident and reliable information. The fact that AdNovum, an established software service provider, is joining the hub at the same time fits right into the picture: If you want to keep up the pace of innovation, you apparently also need someone who can maintain that pace without losing control.
Binci Heeb
See also: Swiss InsurTech Hub Looks Back on an Eventful First Half of the Year
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